{"id":1004272595,"date":"2018-10-17T11:08:36","date_gmt":"2018-10-17T19:08:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004272595"},"modified":"2022-12-08T20:21:31","modified_gmt":"2022-12-09T04:21:31","slug":"recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries\/","title":{"rendered":"Recreational Marijuana Sales Are Now Legal in Canada: Should You Invest in Dispensaries?"},"content":{"rendered":"<p>By Jessica Fiur<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004242076\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/a-look-at-alternative-coworking-spaces\/jfiur-picture\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/jfiur-picture-e1531334771584.jpg\" data-orig-size=\"481,432\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"jfiur picture\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/jfiur-picture-e1531334771584.jpg?w=481\" class=\"alignright size-medium wp-image-1004242076\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/jfiur-picture-e1531334771584.jpg\" alt=\"\" width=\"300\" height=\"269\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/jfiur-picture-e1531334771584.jpg 481w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/jfiur-picture-e1531334771584.jpg?resize=300,269 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>This week marks a&nbsp;<em>high<\/em> point for Canada, as the country is legalizing cannabis sales for recreational use starting today. The best part? So. Many. Marijuana. Puns in journalism copy! I already got one in, and I&#8217;m not even <em>in the weeds<\/em> yet with this blog. That&#8217;s two! Do you think I can get to 420? (Actually, I already read an article today about Canada legalizing marijuana where the author said he was going to put things bluntly. That makes me so mad! Why couldn&#8217;t I have thought of that first?)<\/p>\n<p>Anyway&#8230;<\/p>\n<p>Canada is the second country after Uruguay to legalize recreational sales of marijuana. In terms of real estate, could <a href=\"https:\/\/www.commercialsearch.com\/news\/marijuana-laws-slowly-impact-industrial-cre\/\">dispensaries be a new boom<\/a> for developers and investors?<\/p>\n<p>Government-run stores are expected to pop up everywhere, and licensed growers are already looking to get in on the industry.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004272652\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries\/marijuana_plant_03\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg\" data-orig-size=\"3264,2448\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 6&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1436973070&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.15&quot;,&quot;iso&quot;:&quot;32&quot;,&quot;shutter_speed&quot;:&quot;0.025&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Marijuana_Plant_03\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?w=1024\" class=\"size-medium wp-image-1004272652 alignleft\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg 3264w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=150,113 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/Marijuana_Plant_03.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>After all, there is certainly demand for the product. There are no stats yet, because, again, one of the first countries to legalize recreational marijuana. But it is estimated that Canadians could purchase approximately 1 million kilograms per year. And according to the&nbsp;<em>New York Times<\/em>, this is expected to become a $5 billion industry.<\/p>\n<h2>Harshing Your Mellow?<\/h2>\n<p>According to CNN, an issue that could arise is the lack of stock, and officials in Nova Scotia and Manitoba are already saying there won&#8217;t be a large selection. It might take a while for legal growers to catch up with the demand. (Though, that might be a good problem to have?)<\/p>\n<p>Someone considering investing in dispensaries will have to read up on all the regulations: for example, you cannot sell pot in the same place as you do alcohol or tobacco. (Though, to quote Matthew McConaughey&#8217;s timeless character Wooderson in <em>Dazed and Confused<\/em>, &#8220;It&#8217;d be a lot cooler if you did.&#8221;)<\/p>\n<p>Also, it&#8217;s important to note that not all provinces have the same rules. Saskatchewan, for instance, is not allowing for <a href=\"https:\/\/www.fool.com\/investing\/2018\/06\/23\/canada-is-legalizing-recreational-marijuana-everyt.aspx\">government-operated retail sales<\/a> and instead is only allowing for private retails and online sales. Many provinces, however, are only allowing government-operated dispensaries.<\/p>\n<p>What do you think? Is this the new hot CRE asset class? Do you think investors and developers are going to wait for the <em>smoke<\/em> to clear and see how the industry moves forward first? Could I sound any more like a Narc? We\u2019d love to hear your thoughts. Leave a comment on our&nbsp;<a href=\"https:\/\/www.facebook.com\/CPExecutive\">Facebook page<\/a>&nbsp;or send a tweet to&nbsp;<a href=\"https:\/\/twitter.com\/CPExecutive\">@CPExecutive<\/a>&nbsp;or&nbsp;<a href=\"https:\/\/twitter.com\/jfiur\">@JFiur<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country is the second after Uruguay to legalize recreational sales of cannabis. Could this asset class be a new boom for developers and investors?<\/p>\n","protected":false},"author":443,"featured_media":1004242076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39372],"tags":[],"class_list":["post-1004272595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cpe-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Recreational Marijuana Sales Are Now Legal in Canada: Should You Invest in Dispensaries? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recreational Marijuana Sales Are Now Legal in Canada: Should You Invest in Dispensaries?\" \/>\n<meta property=\"og:description\" content=\"The country is the second after Uruguay to legalize recreational sales of cannabis. Could this asset class be a new boom for developers and investors?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-17T19:08:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:21:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/jfiur-picture-e1531334771584.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"481\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessica Fiur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/recreational-marijuana-sales-are-now-legal-in-canada-should-you-invest-in-dispensaries\/\",\"name\":\"Recreational Marijuana Sales Are Now Legal in Canada: Should You Invest in Dispensaries? 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